Multiple Choice
Which of the following is not a characteristic of a purely competitive market?
A) Enough sellers and buyers so that no one of them acting alone can influence the price of this product
B) The ability of a single seller to block potential competitors out of the market
C) Freedom of the price to move up or down,that is,no price fixing
D) Mobility of buyers and sellers
E) A standardized product
Correct Answer:
Verified
Correct Answer:
Verified
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